GST Kerala Consultants,tax services

GST Kerala Consultants

Rejecting the Congress’ demand to cap the Goods and Services Tax (GST) rate at 18 percent, Kerala Finance Minister Thomas Isaac said he will push for a higher rate, of 22 percent, in the coming months. Issac, who is also a member of CPM Central Committee, told BloombergQuint in an interview that all states have demanded a higher rate in order to minimise revenue losses. He added the April 2017 GST rollout deadline is achievable, but it’s a “tight schedule.”

The Kerala finance minister had advocated a rate of 22 to 24 percent during the meeting on the empowered committee of state finance ministers on July 25.